September 29, 2023


The Business & Finance guru

US provides Tencent, Alibaba e-commerce web sites to ‘notorious markets’ listing

FILE PHOTO: A logo of Alibaba Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo

FILE Picture: A symbol of Alibaba Group is seen for the duration of the Environment Internet Convention (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Track/File Image

E-commerce internet sites operated by China’s Tencent Holdings Ltd and Alibaba Group Keeping Ltd have been incorporated on the U.S. government’s hottest “notorious markets” record of entities that allegedly sell or aid the sale of counterfeit products, the U.S. Trade Representative’s office said on Thursday.

The listing identifies 42 online markets and 35 physical markets that are described to interact in or aid sizeable trademark counterfeiting or copyright piracy.

“This incorporates identifying for the 1st time AliExpress and the WeChat e-commerce ecosystem, two substantial China-based mostly on the internet marketplaces that reportedly facilitate sizeable trademark counterfeiting,” the USTR place of work said in a statement.

China-centered on the web markets Baidu Wangpan, DHGate, Pinduoduo, and Taobao also continue to be portion of the list, alongside with 9 actual physical marketplaces situated inside of China “that are known for the manufacture, distribution, and sale of counterfeit goods,” the USTR workplace mentioned.

The list highlights on the web and bodily markets that reportedly have interaction in or aid sizeable trademark counterfeiting or copyright piracy.

Alibaba said it will carry on working with government organizations to handle considerations in mental home protection across its platforms.

Market bodies like the American Apparel and Footwear Affiliation (AAFA) and the Movement Picture Association welcomed the launch of the report by the USTR.

The USTR office environment claimed in a separate report released on Wednesday that the United States demands to pursue new approaches and update its domestic trade equipment to deal with China’s “state-led, non-sector procedures and practices.”

The United States and China have been engaged in trade tensions for many years in excess of troubles like tariffs, technological know-how and intellectual residence, among other people.

The United States has reported China experienced failed to make superior on some commitments below a so-known as “Phase 1” trade settlement signed by the administration of former President Donald Trump.

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